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TB MC Qu. 12-166 Alfredo Inc. reports net income... Alfredo Inc. reports net income of $230,000 for the year ended December 31. It also reports

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TB MC Qu. 12-166 Alfredo Inc. reports net income... Alfredo Inc. reports net income of $230,000 for the year ended December 31. It also reports $87700 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,500 decrease in accounts receivable, a $15,750 increase accounts payable, and a $12,500 decrease in wages payable. Calculate the cash provided (used) in operating activities using the Indirect method. Multiple Choice $319.950, $263,750 $376,450 O $356,450 $351,450 O

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